Question 1

An economy's infrastructure refers to its

Accepted Answer

A) public capital goods, such as roads, schools, and power facilities. 
B) financial and banking institutions. 
C) land and natural resources. 
D) surplus supplies of unskilled labor. 
A) public capital goods, such as roads, schools, and power facilities. 
B) financial and banking institutions. 
C) land and natural resources. 
D) surplus supplies of unskilled labor.

Question 2

At the present time, the largest percentage of the national incomes of the low-income DVCs is used for

Accepted Answer

A) imports of the finished products of foreign industries. 
B) food. 
C) infrastructure. 
D) industrial development. 
A) imports of the finished products of foreign industries. 
B) food. 
C) infrastructure. 
D) industrial development.

Question 3

Which of the following is not an example of a sociocultural impediment to economic growth?

Accepted Answer

A) tribal allegiances that take precedence over national unity 
B) religious beliefs and practices that severely limit economic activity 
C) migration of labor resources from agricultural to urban areas 
D) a system for allocating jobs based on caste or tradition 
A) tribal allegiances that take precedence over national unity 
B) religious beliefs and practices that severely limit economic activity 
C) migration of labor resources from agricultural to urban areas 
D) a system for allocating jobs based on caste or tradition

Question 4

The fertility rates-the number of children per woman's lifetime-in most DVCs (developing countries) are

Accepted Answer

A) rising slowly. 
B) rising quickly. 
C) staying constant. 
D) declining. 
A) rising slowly. 
B) rising quickly. 
C) staying constant. 
D) declining.

Question 5

Land reform (or the reform of land ownership) is a relatively minor institutional obstacle to economic growth in many developing countries.

Accepted Answer

A) True 
 B)False

Exam 42: The Economics of Developing Countries

An economy's infrastructure refers to its

At the present time, the largest percentage of the national incomes of the low-income DVCs is used for

Which of the following is not an example of a sociocultural impediment to economic growth?

The fertility rates-the number of children per woman's lifetime-in most DVCs (developing countries) are

Land reform (or the reform of land ownership) is a relatively minor institutional obstacle to economic growth in many developing countries.

Limits, Alternatives, and Choices

The Market System and the Circular Flow

Demand, Supply, and Market Equilibrium

Market Failures: Public Goods and Externalities

Governments Role and Government Failure

Elasticity

Utility Maximization

Behavioral Economics

Businesses and the Costs of Production

Pure Competition in the Short Run

Pure Competition in the Long Run

Pure Monopoly

Monopolistic Competition

Oligopoly and Strategic Behavior

Technology, Rd, and Efficiency

The Demand for Resources

Wage Determination

Rent, Interest, and Profit

Natural Resource and Energy Economics

Public Finance: Expenditures and Taxes

Antitrust Policy and Regulation

Agriculture: Economics and Policy

Income Inequality, Poverty, and Discrimination

Health Care

Immigration

An Introduction to Macroeconomics

Measuring Domestic Output and National Income

Economic Growth

Business Cycles, Unemployment, and Inflation

Basic Macroeconomic Relationships

The Aggregate Expenditures Model

Aggregate Demand and Aggregate Supply

Fiscal Policy, Deficits, and Debt

Money, Banking, and Financial Institutions

Money Creation

Interest Rates and Monetary Policy

Financial Economics

Extending the Analysis of Aggregate Supply

Current Issues in Macro Theory and Policy

International Trade

The Balance of Payments, Exchange Rates, and Trade Deficits

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